Financial Periods
Migrating from Legacy Systems to iVendNext
Overview Moving from a legacy system to iVendNext can boost your business, but it needs careful planning. This article outlines migration steps, best practices, and common pitfalls to avoid.. Why Migrate to iVendNext? Enhanced Features: iVendNext ...
Generating Financial Reports
Overview iVendNext offers powerful tools for generating financial reports that support decision-making, compliance, and performance tracking. This article covers how to create key reports and follow best practices. Why are Financial Reports ...
Role-Based Access Control
Overview Role-Based Access Control (RBAC) in iVendNext helps assign user permissions based on roles, ensuring secure and efficient access. This article explains RBAC setup and best practices for managing user access. What is Role-Based Access Control ...
Day-to-Day Transaction Management
Overview iVendNext makes daily transaction management—sales, purchases, stock, payroll, and journals—easy and efficient. This article shows how to handle them smoothly and keep records accurate. Why is Transaction Management Important? Financial ...
Naming Series Configuration as per GST Rules
Overview To comply with India’s GST rules, invoices in iVendNext must use a properly configured naming series. Rule 46(b) requires a serial number (up to 16 characters) using letters, numbers, hyphens, or slashes. This article explains how to set it ...
Opening Balance Setup
Overview Opening balances show your financial position at the start of a fiscal year or system migration. Setting them up in iVendNext is key to a smooth transition. This article explains how to do it accurately. What are Opening Balances? Opening ...
Setting Up and Managing Fiscal Year
Overview A Fiscal Year groups financial activity over 12 months for reporting and compliance. iVendNext helps you set up and manage Fiscal Years to keep records organized and accurate. This article covers the process of setting up and managing Fiscal ...
Understanding the Accounting Period
Overview Accurate records depend on organizing transactions by time. iVendNext uses Accounting Periods to help manage this process. This article explains their importance, setup, and best practices. This article will guide you through the importance ...